Citizenship by Investment
Antigua & Barbuda
CBI: Controversial...but Critical to the Future
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Established in 2013 through an act of parliament, the Antigua and Barbuda Citizenship by Investment Program (CIP) was intended to increase foreign direct investment. It was envisioned as a way to promote development without imposing any new taxes on the country’s 100-thousand citizens.
Today, the program makes up about 10% of the country’s overall budget revenue. Prime Minister Gaston Browne told CIJN this kind of non-tax revenue helped the country “create fiscal space, [to] continue to fund government operations.”